Raymond James Financial Inc. Takes Position in Boston Properties, Inc. (NYSE:BXP)

Raymond James Financial Inc. bought a new position in Boston Properties, Inc. (NYSE:BXP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 120,947 shares of the real estate investment trust's stock, valued at approximately $8,994,000. Raymond James Financial Inc. owned about 0.08% of Boston Properties at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Harvest Fund Management Co. Ltd increased its holdings in shares of Boston Properties by 5,025.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 603 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Boston Properties in the 3rd quarter valued at $58,000. Sound Income Strategies LLC increased its stake in shares of Boston Properties by 18.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust's stock valued at $283,000 after buying an additional 590 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Boston Properties by 25.8% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,414 shares of the real estate investment trust's stock worth $403,000 after acquiring an additional 1,112 shares during the last quarter. Finally, E. Ohman J or Asset Management AB lifted its stake in shares of Boston Properties by 32.0% during the fourth quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust's stock valued at $491,000 after acquiring an additional 1,600 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Boston Properties

In related news, EVP Donna D. Garesche sold 2,143 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total value of $145,445.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Hilary J. Spann sold 12,379 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total transaction of $891,535.58. Following the sale, the executive vice president now directly owns 7,271 shares in the company, valued at $523,657.42. This trade represents a 63.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BXP has been the subject of a number of research reports. Jefferies Financial Group began coverage on Boston Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $78.00 price objective for the company. Mizuho dropped their price target on shares of Boston Properties from $92.00 to $86.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Barclays reduced their price objective on shares of Boston Properties from $89.00 to $79.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Piper Sandler lowered their target price on shares of Boston Properties from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Finally, Wells Fargo & Company cut their price target on Boston Properties from $88.00 to $80.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $80.85.

Boston Properties Stock Down 1.3 %

Shares of NYSE:BXP traded down $0.89 during trading on Tuesday, hitting $68.59. 1,139,135 shares of the company's stock traded hands, compared to its average volume of 1,179,513. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09. The company has a 50-day moving average price of $70.28 and a 200-day moving average price of $76.47. Boston Properties, Inc. has a 52 week low of $56.46 and a 52 week high of $90.11. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 685.97, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19.

Boston Properties (NYSE:BXP - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, beating the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. As a group, research analysts forecast that Boston Properties, Inc. will post 6.91 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.98 per share. The ex-dividend date is Monday, March 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.72%. Boston Properties's payout ratio is presently 3,920.00%.

Boston Properties Company Profile

Boston Properties, Inc NYSE: BXP (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.